Venture Global (VG) Falls to Nearly 52-Week Low. Here’s What Dragged the Sentiment

Group 1 - Venture Global Inc. experienced a significant decline, falling 7.91% to $6.87, nearing its 52-week low of $6.72, as investors engaged in profit-taking after previous gains [1][3] - The company recently secured a new sales purchase agreement (SPA) with Tokyo Gas Co. Ltd. for the supply of 1 million tons per annum of liquefied natural gas over 20 years, starting in 2030 [2][4] - This new agreement brings Venture Global's total SPAs in the last six months to 7.75 million tons per annum, following previous agreements with several other companies [3][4] Group 2 - The CEO of Venture Global highlighted the importance of the new partnership with Tokyo Gas, emphasizing the company's commitment to becoming a leading LNG supplier to Japan and its positive impact on the US-Japan balance of trade [5]